QUESTIONS THAT CAN GUIDE CHILDREN TO A SOLVENT FUTURE
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Your support makes all the difference.If you want to sample the delights of personal finance, the web site address is www.young-money. co.uk. Or why not test your children's skills at the following questions:
Q1: In the film Star Wars, who was the commander of the rebel base on Hoth?
A: Hans Solo
B: General Rieekan
C: Luke Skywalker
Q2: What does RAM stand for in computer terms?
A: Read All Memory
B: Read Access Memory
C: Random Access Memory
Q3: What's the minimum age for taking out an ISA?
A: 16
B: 18
C: 21
Q4: Which American state has an airport named after a famous President?
A: New York
B: Boston
C: New Jersey
Q5: What is an IFA?
A: Independent Financial Agreement
B: Independent Financial Adviser
C: Instant Financial Application
Q6: Whose official residence is 11 Downing Street?
A: Deputy Prime Minister
B: The Chancellor of the Exchequer
C: The Prime Minister's wife
Q7: What replaced PEPs from 6 April 1999?
A: Personal Equity Plans
B: Personal Savings Accounts
C: Individual Savings Accounts
Q8: What is a tsunami?
A: A form of Indian cuisine
B: A tidal wave
C: A martial art
Q9: What are shares?
A: A tax-free method of saving
B: An investment where you own part of a company
C: A form of life insurance which you share with your partner
Q10: What is a pension?
A: A tax-efficient way of saving for retirement
B: A type of bank account
C: A savings account started when you are at school
Q11: Which of the following is most commonly used to buy a house?
A: Credit card
B: Overdraft
C: Mortgage
Q12: What is the national speed limit of dual carriageways in the UK?
A: 80mph
B: 60mph
C: 70mph
Q13: Which method of saving is tax-free?
A: Deposit account
B: ISA
C: Unit trust
Q14: What is the capital of Australia?
A: Canberra
B: Sydney
C: Adelaide
Q15: What is a unit trust?
A: A collection of shares all within a particular type of company.
B: An insurance policy that protect devaluation of shares
C: A pool of investors' resources in which the consumer buys units
Q16: What does a Geiger counter detect?
A: Radioactivity(
B: Earth tremors
C: Smoke
Q17: If the rate of inflation increased, the prices of goods and services
will:
A: Go up
B: Go down
C: Stay the same
Q18: What is the "bid price"?
A: The price of new shares coming onto the stockmarket
B: The value of a single share
C: The price at which you can sell a security or a unit in a unit trust
Q19: Which one of the following members of the Royal family appeared on
Friends?
A: Prince Edward
B: Prince Andrew
C: Fergie
Q20: How many notes are there in an octave?
A: Eight
B: 10
C: 16
ANSWERS
A1: B
A2: C
A3: B
A4: A
A5: B
A6: B
A7: C
A8: B
A9: B
A10: A
A11: C
A12: C
A13: B
A14: A
A15: C
A16: A
A17: A
A18: C
A19: C
A20: A
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